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Gold/Mining/Energy : Coeur d'Alene Mining (CDE) -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (267)	7/27/2000 3:25:41 AM
From: Robert J Mullenbach	Respond to of 621

GOLD ALERT!!! The World Gold Council put out the following yesterday: "The central bank of Uruguay has completed the shipment of its entire gold reserve of 1.8 million ounces (56.6 tonnes) to London. The gold is to be placed on deposit "in order to obtain greater profitability", according to press reports." Time to focus - for the bells and whistles are going off. According to Café sources: 1. Uruguay does not have 56.6 tonnes according to the official statistics; for that matter they have zero gold (from what I can tell also), hence it must come from some other official sector source or private source. 2. Why does Uruguay have to go to London to do the deal? Why not do it themselves? Very strange! If London is taking gold of this dubious nature from Uruguay which supposedly has zero gold to its credit, according to world official gold holdings, they must be scraping the bottom of the barrel. First: Kuwait (79 tonnes), then Jordon (10 tonnes) now Uruguay!!!!! Real gold supply powerhouses, eh? If I am missing something, I would appreciate hearing from Café members. In my last Midas, I suggested the shorts may be close to hitting the wall when it comes to physical gold supply. This sort of anecdotal notice suggests the day of reckoning looms on the horizon - maybe right around the corner. Paying attention to such details can make one a mini fortune. Right before the mega platinum move, platinum bars began showing up in Switzerland with the Red Army ID's on it. That indicated that the Russians were at the bottom of the platinum barrel when it came to fulfilling their shipment requirements. It was a clear sign to market savants that a bottom was IN and a severe world platinum supply shortage was right around the corner. If one pays attention to these sort of mundane details it can pay off. They CAN BE very significant. In May 1987, all of a sudden there were NO copper deliveries. The copper purchasing managers were all in sync with their just in time inventory buying. None were bullish. All bought the story that fiber optics would make copper obsolete. ALL paid no attention to the emerging Asian economic engine. The price of copper went from 60 cents to $1.45 in about 7 months. The pros were almost ALL wrong. The sleuths made some big dough. My guess is we have the same sort of story when it comes to gold, except this story will have world wide ramifications because of the coming gold financial scandal and eventually will be a much bigger move up than the recent platinum move and the 1987 copper move. Why? Because of the manipulation. Gold has been HELD at an unnaturally low price for much too long. Too much gold has been consumed at too cheap a price for TOO LONG. Newton's Law comes into play: For every action there is an equal and opposite reaction. That equal reaction will be a gold move far beyond what most anyone in the mainstream could even begin to conceive. The Café Geiger Counter readings suggest an all time LOW interest in gold as a subject of interest and an investment. Never has there been a time when the readings should be HIGHER. If you have been like the rest of the world towards thinking about gold as being pertinent to your financial well being and have paid no attention to recent Midas du Metropole commentary, check back in and review the latest. Champagne will be on every table in the months to come! <A HREF="http://www.LeMetropoleCafe.com/entrance.cfm">Le Metropole Cafe</A> All the best, Bill Murphy Le Patron www.LeMetropoleCafe.com